Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Sun Corporation (6736.T)

Company Dividend Discount ModelIndustry: Consumer ElectronicsSector: Technology

Valuation Snapshot

Stable Growth$24,609.45 - $84,736.19$40,503.66
Multi-Stage$80,531.24 - $89,012.98$84,686.89
Blended Fair Value$62,595.27
Current Price$8,200.00
Upside663.36%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2025202420232022202120202019201820172016
DPS34.70%24.77%89.9320.3321.5032.230.0020.2820.2420.1720.1715.06
YoY Growth--342.45%-5.47%-33.30%0.00%-100.00%0.22%0.32%0.00%33.99%53.06%
Dividend Yield--1.60%0.42%1.21%2.10%0.00%1.32%1.49%3.08%2.71%2.31%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)21,269.07
(-) Cash Dividends Paid (M)1,556.69
(=) Cash Retained (M)19,712.37
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)4,253.812,658.631,595.18
Cash Retained (M)19,712.3719,712.3719,712.37
(-) Cash Required (M)-4,253.81-2,658.63-1,595.18
(=) Excess Retained (M)15,458.5617,053.7418,117.19
(/) Shares Outstanding (M)22.2722.2722.27
(=) Excess Retained per Share694.13765.76813.52
LTM Dividend per Share69.9069.9069.90
(+) Excess Retained per Share694.13765.76813.52
(=) Adjusted Dividend764.03835.66883.42
WACC / Discount Rate1.04%1.04%1.04%
Growth Rate-2.00%-1.00%0.00%
Fair Value$24,609.45$40,503.66$84,736.19
Upside / Downside200.12%393.95%933.37%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)21,269.0721,056.3820,845.8120,637.3520,430.9820,226.6720,833.47
Payout Ratio7.32%23.86%40.39%56.93%73.46%90.00%92.50%
Projected Dividends (M)1,556.695,023.058,419.9211,748.3515,009.3818,204.0019,270.96

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate1.04%1.04%1.04%
Growth Rate-2.00%-1.00%0.00%
Year 1 PV (M)4,921.014,971.225,021.44
Year 2 PV (M)8,081.308,247.078,414.51
Year 3 PV (M)11,046.8111,388.4411,737.04
Year 4 PV (M)13,826.4014,399.4414,990.11
Year 5 PV (M)16,428.5717,284.0518,174.79
PV of Terminal Value (M)1,739,147.071,829,708.491,924,003.82
Equity Value (M)1,793,451.151,885,998.701,982,341.71
Shares Outstanding (M)22.2722.2722.27
Fair Value$80,531.24$84,686.89$89,012.98
Upside / Downside882.09%932.77%985.52%

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